Zacks Research Downgrades Gulfport Energy (NYSE:GPOR) to Strong Sell

Gulfport Energy (NYSE:GPOR) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Monday,Zacks.com reports.

GPOR has been the subject of a number of other research reports. JPMorgan Chase & Co. lifted their target price on shares of Gulfport Energy from $228.00 to $229.00 and gave the stock an “overweight” rating in a research report on Monday, March 16th. Bank of America increased their price target on Gulfport Energy from $215.00 to $237.00 and gave the company a “buy” rating in a report on Thursday, March 19th. UBS Group dropped their price target on Gulfport Energy from $260.00 to $245.00 and set a “buy” rating on the stock in a research note on Thursday, April 16th. Truist Financial cut their price objective on Gulfport Energy from $219.00 to $190.00 and set a “hold” rating for the company in a report on Friday. Finally, Mizuho upgraded Gulfport Energy from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $251.00 to $252.00 in a research report on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $227.00.

Gulfport Energy Stock Down 2.0%

GPOR opened at $151.44 on Monday. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.46. The firm has a 50 day moving average price of $169.22 and a 200-day moving average price of $188.32. Gulfport Energy has a twelve month low of $149.79 and a twelve month high of $225.78. The stock has a market capitalization of $2.72 billion, a price-to-earnings ratio of 5.17 and a beta of 0.41.

Institutional Investors Weigh In On Gulfport Energy

Hedge funds and other institutional investors have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC purchased a new position in shares of Gulfport Energy during the 4th quarter valued at $2,478,000. IFP Advisors Inc boosted its holdings in Gulfport Energy by 20,951.9% in the 3rd quarter. IFP Advisors Inc now owns 10,947 shares of the company’s stock worth $1,981,000 after buying an additional 10,895 shares during the period. SG Americas Securities LLC increased its stake in Gulfport Energy by 93.0% in the 4th quarter. SG Americas Securities LLC now owns 11,822 shares of the company’s stock worth $2,459,000 after buying an additional 5,698 shares in the last quarter. Goldentree Asset Management LP purchased a new stake in Gulfport Energy in the 3rd quarter worth $44,665,000. Finally, Fort Washington Investment Advisors Inc. OH raised its holdings in Gulfport Energy by 7.9% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 108,889 shares of the company’s stock valued at $22,648,000 after acquiring an additional 7,962 shares during the period.

Gulfport Energy Company Profile

Gulfport Energy Corporation is an independent oil and gas exploration and production company based in Oklahoma City, Oklahoma. The company focuses on the development of onshore natural gas, natural gas liquids (NGLs) and crude oil properties in the United States. Gulfport utilizes horizontal drilling and multi-stage hydraulic fracturing techniques to maximize production and enhance recovery from its resource plays.

The company’s primary operations are concentrated in two major U.S. resource basins.